Template-Type: ReDIF-Paper 1.0
Author-Name:Mamedov Arseny
Author-Name-First: Arseny 
Author-Name-Last:Mamedov 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Fomina Elena
Author-Name-First: Elena 
Author-Name-Last:Fomina 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Belev Sergey
Author-Name-First: Sergey 
Author-Name-Last:Belev 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Title: Intergovernmental fiscal relations and subnational finance in Russia in 2015
Abstract: 
In 2015, the share of subnational budget expenditure of the Russian Federation consolidated budget dropped considerably from 39.7% in 2014 to 32.1% in 2015 (excluding expenditure for the Crimean Federal Okrug). The share of tax revenues shrank to a lesser extent, from 32.6% to 28.6%, during the same period. The decline in the share of subnational budget expenditure of the total volume of Russia’s consolidated budget expenditure is explained largely by faster-than-normal growth of the federal budget expenditure (by 5.6% in nominal terms). The federal budget expenditure increased first of all for ‘General National Issues’ (by 18.6%), ‘National Defense’ (by 28.3%), ‘Housing and Utilities’ (by 20.5%), ‘Social Policy’ (by 23.5%), ‘Municipal and Public Debt Servicing’ (by 24.8%). Subnational budget expenditure increased in the period under review by 1.4% (excluding expenditure for the Crimean Federal Okrug).

Classification-JEL: H77, H76, H74, H71
Keywords:  Russian economy, fiscal relations, subnational finance, consolidated budget, debt policy
Creation-Date: 2016
Revision-Date:2016
Publication-Status: Published in RUSSIAN ECONOMY IN 2015  TRENDS AND OUTLOOKS  (ISSUE 37)
Length: 13 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2016-259.pdf
File-Format: application/pdf
File-Function: Revised version, 2016
Handle: RePEc:gai:ppaper:ppaper-2016-259